Despite Oklahoma’s present market conditions, it is still possible to sell my house fast in Tulsa provided the appropriate tactics are used. Homes stayed on the market for around 65 days in February 2023, up 14% year over year.
There are still ways to sell my house fast in Tulsa even while home prices are falling, housing inventory is rising, and properties are taking longer to sell.
Our countless hours of study have revealed that Tulsa homeowners have five ways to sell their property quickly.
A fantastic way to receive the top price for your house is to list it on the Multiple Listing Service (MLS), which cash homebuyers and iBuyers utilize to find and buy homes. Bright MLS claims that homes listed on the MLS sold more quickly and for 17% more money than those sold off the MLS.
A flat fee MLS listing service in Tulsa will help you get cash bids from all kinds of purchasers when you list your home there for about $399. Choose a provider that will assist you in managing the whole process, including offers, showings, inspections, appraisals, and closing.
Finding a pre-approved buyer is an additional option for speeding up the sale of your Tulsa property quickly.
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Selling to an iBuyer might not be your greatest option if you’re thinking about quickly selling your Tulsa property. Within 24 to 48 hours, iBuyers submit cash bids, and they may close on a house in as little as 7 days.
They often only provide up to 70% of the home’s fair market value during a down market, and their services are frequently restricted to metro and metropolitan regions.
They also have stringent qualifying requirements, non-negotiable offers, and up to 5% service fees on top of any repair expenses. Only two big iBuyers remain on the market, so it would be wiser to look at alternative possibilities.
Cash house buyers provide fast cash for properties and buy them in their existing condition. Normally, the procedure takes 10 to 15 days. Although there are cash home buyers throughout the country, selling to Oklahoma cash home buyers is not the best option for people who want to earn a profit.
These purchasers frequently make lowball bids that range from 30% to 70% of the asking price. Likewise, cash bids to purchase a house are not negotiable. You can look for local investors or purchasers online or through word of mouth if you need to sell your house quickly to a cash buyer.
Keep in mind that lowball bids and urgent repair expenditures might drastically lower your net proceeds.
Option 4 recommends listing your home with a top Tulsa realtor. A realtor helps you sell your house quickly by taking care of everything, including the paperwork and photos.
Working with a realtor has certain downsides, though. You must pay a large real estate commission of 5% to 7%, which is one of the main drawbacks. Other problems you can encounter include inconsistent services and outdated assistance.
To avoid paying the 6% commission, you might work with a bargain broker that offers a flat fee or a low commission. Look at an agent’s experience, customer testimonials, area knowledge, and days on the market to discover the best match.
Selling your house “for sale by owner” (FSBO), option 5, entails doing market research, advertising, and drafting an Oklahoma FSBO contract without the use of an MLS or technical assistance.
It has several negatives even if you may list your home for free. You risk missing out on bids from internet purchasers, cash house buyers, and investors if you don’t have MLS visibility.
Furthermore, without help with pricing, you can set your home’s price too high or too cheap, and without any marketing advice, you would be forced to rely on word-of-mouth or FSBO yard signs.
It may be difficult to obtain the documentation and Oklahoma seller’s disclosure statement on your own, and lacking bargaining skills might be detrimental.
